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SERVICES DOMESTIC REGULATIONS (SDR) - Coggle Diagram
SERVICES DOMESTIC REGULATIONS (SDR)
services sector
dynamic fastest growing sector
world GDp(value added )
60%
employ.
50%
Trade in Services and General Agreement on Trade in Services (GATS)
International Trade Rules on Services governed - GATS
Provides framework for governing services
except
services suppl. - govnt
coverage measures- affecting air traffic rights
services directly related exer. Air Transport services
applica. 4 modes supply services & estb. mechanism WTO members - commitment liberalize trade in services
4 modes supply
Mode1
Cross border supply
Service s flow territory one WTO member-other
Mode 2
Consumption abroad
Person n consumes service another member e territory
Mode 3
Commercial presence
Service supplier one member establish commercial presence another members territory provide service
Mode 4
movement of natural persons
individual one wto member enter others territory
GATS
membership
67
90% world trade
incorporation methodology
new disciplines - incorporated additional commitment --by members service commitment Gats Schedules
11th ministerial conference
plurilateral agreement
24 yrs
signatories agreed leave pact open - new countries apply most favored nation
giving equal treatment countries not parties agreement as given to parties to agreement
potential benefits
cost of service trade
twice high compared goods
reducing cost attribute - regulatory divergence & opaque regulations
check cumbersome procedures
SDR process
(1) objectives- create good regulatory practice - miti unintended trade restrictive effects -procedures--- author supply servi.
Applications (3) discipline apply - Licensing & qualification requirement
;Procedures & technical standards - trade in services
(3) means-develop. new disciplines domestic regulations
(4) Benefits - help foreign service providers- access understand & follow procedures - host country
assure legal certainty, predictability, regulatory quality & certification
(5) lowering trade cost & generation broader trade benefits
;improvement business climate
provision non discrimination between men & women
support women empowerment
women participation in services trade
Concerns over SDR nations like India
estab. competing and parallel mechan.
pursue achie same WTO objective
gats allows member countries determ.-
extend market partici. --service providers
treat foreign subjects differ.
new further deny short term service providers
used erect market barriers
services trade
cross border mvmnt profe. -.
-qualific.
licensing require
techni standa.